From ₹68 to ₹269: BHEL share price grows four-fold in less than a year; here’s why
On Monday, the PSU stock gained 15% to hit a record high of ₹271.20, registering its biggest single-day surge since September 1 last year.
On Monday, the PSU stock gained 15% to hit a record high of ₹271.20, registering its biggest single-day surge since September 1 last year.
The largecap stock, which made its share market debut on April 11, 2019, has risen more than 1,500% in the last five years.
Both Sensex and Nifty, along with midcap and smallcap indices, clocked fresh highs today as investors celebrated BJP’s big gains in MP, Rajasthan and Chhattisgarh.
The government is likely to take a call on the closure of these PSUs in a high-level meeting on October 23, as per report.
The share price surged 4% intraday after the government approved a plan to acquire 12 additional Sukhoi Su-30MKI fighters to be built at HAL’s Nashik factory.
All seven listed public sector undertakings (PSUs) of the Gujarat government were trading in green today after the state unveiled a new policy for dividend, and bonus shares.
Ministry of Defence also inked ₹19,600 crore worth contracts with Indian shipyards.
The miniratna company plans to raise ₹500 crore via debentures or bonds on a private placement basis.
Cheaper valuations, high dividend yields and government’s privatisation drive make them ideal re-rating candidates.